Cryptocurrency Price Check: Bitcoin Rises, Miners Exit China


Source: otcpm24.com otcpm24.com

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Bitcoin prices extended gains Monday even amid growing calls for regulation and the exodus of cryptocurrency miners from China amid the nation’s rolling power crisis. The Biden Administration is considering a wide ranging oversight of the cryptocurrency market to combat the growing threat of ransomware and other cyber crime, Reuters reported on Friday. The oversight could include an executive order, but the White House spokeswoman did not comment on whether an executive order will be part of such oversight. “As we’ve seen time and time again, Bitcoin recently showed strength to break the $50,000 barrier amidst global uncertainty and lagging...